NBC Securities Inc. Has $1.54 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

NBC Securities Inc. raised its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 121,000.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,055 shares of the information services provider's stock after purchasing an additional 6,050 shares during the period. NBC Securities Inc.'s holdings in VeriSign were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in VeriSign in the fourth quarter valued at approximately $222,840,000. GAMMA Investing LLC grew its holdings in VeriSign by 34,326.0% during the 1st quarter. GAMMA Investing LLC now owns 697,127 shares of the information services provider's stock worth $176,980,000 after acquiring an additional 695,102 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of VeriSign during the 4th quarter valued at $141,129,000. Point72 Asset Management L.P. raised its position in shares of VeriSign by 268.8% during the 4th quarter. Point72 Asset Management L.P. now owns 692,498 shares of the information services provider's stock valued at $143,319,000 after acquiring an additional 504,748 shares during the last quarter. Finally, Berkshire Hathaway Inc lifted its stake in shares of VeriSign by 3.6% in the 4th quarter. Berkshire Hathaway Inc now owns 13,271,457 shares of the information services provider's stock valued at $2,746,661,000 after purchasing an additional 455,844 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

VeriSign Stock Performance

NASDAQ:VRSN traded down $1.27 during trading hours on Wednesday, hitting $274.49. The stock had a trading volume of 582,193 shares, compared to its average volume of 756,804. The business's 50 day moving average is $264.65 and its 200-day moving average is $231.95. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 34.31 and a beta of 0.80. VeriSign, Inc. has a one year low of $172.49 and a one year high of $288.95.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, meeting analysts' consensus estimates of $2.10. The business had revenue of $402.30 million during the quarter, compared to analysts' expectations of $400.44 million. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 EPS.

VeriSign Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, May 19th. VeriSign's dividend payout ratio (DPR) is presently 37.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Robert W. Baird increased their target price on VeriSign from $275.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, Citigroup boosted their target price on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 501 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $282.00, for a total value of $141,282.00. Following the sale, the executive vice president now directly owns 39,719 shares of the company's stock, valued at approximately $11,200,758. The trade was a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Calys sold 400 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $281.97, for a total transaction of $112,788.00. Following the completion of the transaction, the senior vice president now directly owns 23,335 shares of the company's stock, valued at approximately $6,579,769.95. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,002 shares of company stock worth $2,525,659 in the last 90 days. Corporate insiders own 0.84% of the company's stock.

About VeriSign

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.